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Handling IT Notices

We see substantial raise in #IT#Tax#Notice related inquiries during the 1st two weeks in Jul 2017, hence this post to advise Tax Payers in handling the IT Notices.

Most important thing when you get an IT notice is not to ignore it, as of today, pretty much everything is linked with Aadhaar, PAN, Bank Accounts, Digital Wallets, Mobile Numbers. Income Tax department is getting smarter day-by-day towards a sophisticated, well connected tax system.

Possible Common Reasons for getting an IT Notice

Reminder to file tax returns

Scrutiny at random

Discrepancy in your income tax returns

Errors in TDS Amount Deducted

Ignoring income received from the previous employer

Demanding a proof of documentation

High Value Transactions not matching with Income declared

Transferring the asset in the name of spouse or children

High number of Gift Transactions

Not depositing the full amount of tax assessed before the due date

Income Tax Return not filed or filed after the due date

Non-disclosure of assets

Non-disclosure of Foreign Income

Investments in the name of family members

How to get Help ?

When you received IT notice, first thing to do is not to be panic, Visit EZTax.in, Register if not already, select Tax Consultation, just take a photo of your IT Notice and upload, provide additional information if necessary, and pay to get Tax Help Online.